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energy name picks up steam we'll tell you why. plus it is one of the last and most crucial job reports we will take you what to expect and how to trade it next. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with s
energy name picks up steam we'll tell you why. plus it is one of the last and most crucial job reports we will take you what to expect and how to trade it next. tdd#: 1-800-340 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550...
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Oct 3, 2012
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. >> solar energy. >> yes. >> you're doing research in solar energy? >> yes. where else is the solar energy the most intense? >> at the desert. >> the desert, of course. >> but won't that hurt your oil industry? >> no. no, no, not at all. it will supplement it. our vision is that we will be exporters of gigawatts of electricity. we will be exporting both: barrels of oil and gigawatts of power. >> and so, he says, the kingdom will still be in the energy business long after the sun sets on the age of oil. >> due to the great recession, oil prices had plummeted when these stories first aired in 2008 and 2009. they're back up again but have not reached the heights of $150 a barrel. as for the possibility of speculators driving prices up, new federal regulations now make it more difficult to manipulate the market. that's this edition of 60 minutes on cnbc.
. >> solar energy. >> yes. >> you're doing research in solar energy? >> yes. where else is the solar energy the most intense? >> at the desert. >> the desert, of course. >> but won't that hurt your oil industry? >> no. no, no, not at all. it will supplement it. our vision is that we will be exporters of gigawatts of electricity. we will be exporting both: barrels of oil and gigawatts of power. >> and so, he says, the kingdom will still be in...
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Oct 3, 2012
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but energy as well. so to the extent that there is an industrial boom in places like india or china, the whole energy complex will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk allocated to any part of the commodity complex. one these we aren't complicity with is gold. we trity and avoid just lookingt go gold. >> a number of cogent arguments that have been made in some of the presentations we've heard seem to argue for rates have to go up. they've got to go up. how are you positioned for that? or are you perhaps not a believer in terms of where the treasury's headed in the future? >> david, great question. we think that rates have a long term downward pressure for two reasons. one, the central bank has anchored
but energy as well. so to the extent that there is an industrial boom in places like india or china, the whole energy complex will continue to appreciate. >> what we've been hearing from china -- >> china is a big question. china's a big question mark. people need to eat. they don't necessarily need to build new factories. >> and they don't necessarily need to consume as much copper. >> we like copper but we're nimble with our copper allocation. not having too much risk...
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Oct 4, 2012
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last night you heard a lot of talk about solar energy. part of a problem is the slowdown in solar panels, some of their groups suffering. job cuts unfortunately coming at applied materials. >> time warner cable is getting a pop today. so is our own comcast, by the way. >> very nice. it's been a good year to be a cable company. year to date, up 55%. up .7% today. company expected to report stronger margins in q3 as a result of more cost cutting measures. great year to be a cable company. >> amazing management. >> top executives in the world. >>> pandora. that stock, however, is down today despite rocking listenership numbers? is that even a word? >> you're welcome, pandora. >> listener numbers. >> five-hour commute home last night because of the traffic on the turnpike. >> that's a lot of listenership. >> unfortunately, fatal accident so everyone was stopped. i listened to pandora for hours. i helped the numbers. >> hello, julia. this is kind of your pet. isn't it? >> yes. great to be here. pandora, just released new september numbers, 58
last night you heard a lot of talk about solar energy. part of a problem is the slowdown in solar panels, some of their groups suffering. job cuts unfortunately coming at applied materials. >> time warner cable is getting a pop today. so is our own comcast, by the way. >> very nice. it's been a good year to be a cable company. year to date, up 55%. up .7% today. company expected to report stronger margins in q3 as a result of more cost cutting measures. great year to be a cable...
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Oct 8, 2012
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the energy call is pretty customary. clearly the obama administration would like to pursue more regulatory policies towards traditional energies where the romney administration would certainly be more friendly towards traditional energy which is a bigger part of the s&p 500 index. financials would benefit under a romney administration due to the perception that some of the more onerous components of dodd-frank may not come to light. >> the financials have had many, many months to prepare for dodd-frank. they know what's coming down the pike. so is it going to make that much of a difference in an obama administration even in an environment where the overall health of the market improves, the economy improves, so financials may do better regardless of who is president next? >> may but i think financials are going to struggle in an environment where investment sensitivity is -- investment spending is starting to deteriorate. one of the other big key takeaways from our survey was just the impact of the current administration
the energy call is pretty customary. clearly the obama administration would like to pursue more regulatory policies towards traditional energies where the romney administration would certainly be more friendly towards traditional energy which is a bigger part of the s&p 500 index. financials would benefit under a romney administration due to the perception that some of the more onerous components of dodd-frank may not come to light. >> the financials have had many, many months to...
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Oct 1, 2012
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when you look at today's sector leaders, it's energy, financials, health care. all posting sharp gains at this hour. of course, the energy and materials sector were really the pressured sectors going quarter. bill? >> combination of risk on/risk off seconders that are doing well today. no clear direction from that standpoint. we're wondering whether today's market action is a sign of what's to come for the quarter. you saw the statistic earlier that said on average when you have a positive first day of the fourth quarter the dow is up 4% for the quarter. so what's to come this quarter? deborah of "the street" says she feels the market is destined to go higher and points out $22 billion came flooding out of equity mutual funds in the month of august, alone. show she feels that money is going to come flowing back for the investors who feel they missed out on the action, marie w ya. >> is deborah right? could we have this market meltup continue? cnbc contributor abigail doolittle suggests taking money off the table in the face of these gains. deborah, let me kick t
when you look at today's sector leaders, it's energy, financials, health care. all posting sharp gains at this hour. of course, the energy and materials sector were really the pressured sectors going quarter. bill? >> combination of risk on/risk off seconders that are doing well today. no clear direction from that standpoint. we're wondering whether today's market action is a sign of what's to come for the quarter. you saw the statistic earlier that said on average when you have a...
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energy is being produced to power our lives. while energy development comes withome risk, north america's natural gas producs are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources ofwithin self-containedgy fwell systems.y, and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communies and the environment. we're america's natural gas. >> i'm robert gray with your fox business brief. alcoa kicked off earnings season with better-than-expected profit and revenue for its third quarter. the company reaffirmed its long term outlook that aluminum demand will double by the year 2020. >>> yum brands beat profit but missed on revenue. the company raised its full-year earnings growth forecast to at least 13%. >>> capital one says it has restored online services after suffering a denial of service attack. a group claiming to be allied with an islamic terror organizati
energy is being produced to power our lives. while energy development comes withome risk, north america's natural gas producs are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources ofwithin self-containedgy fwell systems.y, and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communies and the environment. we're america's...
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Oct 4, 2012
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the metals markets today. the gold market is closing right now. sharon epperson rejoins us. she's tracking the action in all of those markets. she's down at the nymex. >> it is perfect timing because we are closing in on $1,800 an ounce here for gold at the highs of the session here in floor trading as we are about to come to a close. looking at a $17 gain. a lot of it has do with the comments coming from the ecb president mario draghi today coming from the bank of england, remaining with low interest rates for an extended period of time. also, the fact that we are looking at this
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> there's ban lot of action in the oil market and the...
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Oct 3, 2012
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there is a lot of specificity on proposals on energy, the keystone pipeline issue and regulation and make sure we stop the huge growth of regulations and entitlements. he has been very specific. i think his tax program is pro growth. there is a lot of specificity and people look at it. it is the kind of thing the economy needs right now and that is what basic economics tells me. >> bernanke has sited your work as a big influence on current monetary policy yet mr. romney has said ben bernanke should be fired. are you advising that ben bernanke should get fired? >> i don't get into personnel issues. i would say on quoting different rules i think quantitative easing has not been helpful. i think we had good monetary policy in the '80s and '90s until recently. that is what we want to do. that is what the romney program is all about. >> john, i'm curious. there is a lot of talk about the evans rule and it is not quite the same as the taylor rule but it seems to go a way towards some of the things you have talked about in the past predominantly this idea of having more of a check on possib
there is a lot of specificity on proposals on energy, the keystone pipeline issue and regulation and make sure we stop the huge growth of regulations and entitlements. he has been very specific. i think his tax program is pro growth. there is a lot of specificity and people look at it. it is the kind of thing the economy needs right now and that is what basic economics tells me. >> bernanke has sited your work as a big influence on current monetary policy yet mr. romney has said ben...
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energy, materials, and financials are supposed to be down and the overall down 5%. >> goldman says this is primarily about the fiscal cliff. do you agree? >> i think it's going to be very heavily earnings driven where you get china and europe in the picture too. i think fiscal cliff is partial. it will be a partial cliff. it won't be a huge dropoff. it will be a partial dropoff, in our humble opinion. we think the consumer and the low interest rates and europe and china mean you're not going to have much earnings next year. that's really our big call. >> are you scared after what he said? >> no, not at all. >> do you agree, disagree? >> it doesn't really change our view on what we're doing. we're buying cheap assets, things like emerging market equities that's trading at 12 times earnings. >> but if he's right, all those assets can get a lot cheaper in the next three months. >> true, true. but what the fed is doing in terms of pumping ining liquidit the market. it's pretty supportive. >> why so pessimistic though? give us a particular reason. most people think that if it's even close to
energy, materials, and financials are supposed to be down and the overall down 5%. >> goldman says this is primarily about the fiscal cliff. do you agree? >> i think it's going to be very heavily earnings driven where you get china and europe in the picture too. i think fiscal cliff is partial. it will be a partial cliff. it won't be a huge dropoff. it will be a partial dropoff, in our humble opinion. we think the consumer and the low interest rates and europe and china mean you're...
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so, overall energy all higher on the session. back to you. >> certainly looks like t thanks very much, sharon. >>> two leading analysts with two very different calls on netflix over the past two days. what are investors to make of that? >>> also ashaerksd face booked next myspace in the very outspoken michael wolf here to tell us why he thinks so and what, of course, it means for facebook investors. i'm bara ck o bama, and i approve this message. "i'm not in favor of a $5 trillion tax cut. that's not my plan." mitchell: "the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? ♪ ♪ ♪ [ male announcer ] introducing a reason...to look twice. introducing a stunning work of technology -- the entirel
so, overall energy all higher on the session. back to you. >> certainly looks like t thanks very much, sharon. >>> two leading analysts with two very different calls on netflix over the past two days. what are investors to make of that? >>> also ashaerksd face booked next myspace in the very outspoken michael wolf here to tell us why he thinks so and what, of course, it means for facebook investors. i'm bara ck o bama, and i approve this message. "i'm not in favor...
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the bus uses one-third as mitch energy and pollution. there are routes all over the country they provide faster frequent service at a lower fare. john: and they don't find that clamorous. one criticism, the interstate highway system the same goal biggest government intervention you think it is the wonder. it worked with a corporate program. congress said it is funded by the users. as the money comes then we will not build it then held it comes. we design and track pay as you go but it could have forked but government funded it. to much money is the problem. john: i ride amtrak. thank you for your subsidy. >> i ride in the megabucks. john: good for you. the much bigger part of government is defense do you know, that the brownie recipe is 26 pages long? recipe is 26 pages long? why would [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may c
the bus uses one-third as mitch energy and pollution. there are routes all over the country they provide faster frequent service at a lower fare. john: and they don't find that clamorous. one criticism, the interstate highway system the same goal biggest government intervention you think it is the wonder. it worked with a corporate program. congress said it is funded by the users. as the money comes then we will not build it then held it comes. we design and track pay as you go but it could...
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. >> need energy, and to get around we shoot ourselves in the foot to and it just seems crazy. >> this is crazy does not resonate but to me i think people went mainstream actually milk hit a new highway as well today. >> check leon every day. money. what about the white house momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the burden. charles: mitt romney does not waste any time. >> is today the president said they do want to raise taxes. i don't want to raise them on any americans. i want to create good jobs. charles: mondex guess says the higher tax rates will lead to higher unemployment rates. with class warfare it does not matter the residual damage they're going with this. hoping the public cannot connect the dots? >> it will be interesting hallwood joe biden follows up. $1 trillion tax hike where we want to go. four years ago they told us no tax increases on 81 making less than $250,000. the economy is languishing worse where loo
. >> need energy, and to get around we shoot ourselves in the foot to and it just seems crazy. >> this is crazy does not resonate but to me i think people went mainstream actually milk hit a new highway as well today. >> check leon every day. money. what about the white house momentum could be lost because of joe biden obama biden want to raise taxes by $1 billion. guess what? yes we do we want to let the $1 trillion tax cut expire so the middle-class does not have to bear the...
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in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of those homeowners discounts? here we go. thank you. he took my shield, my lady. these are troubling times in the kingdom. more discounts than we knoweth what to do with. now that's progressive. >>> taking control of your financial destiny is smart. but why would you go it alone? >> something has a much larger bearing on you and the stock market as a whole. >> let cramer be your guide, your soundingboard. >> i'm having a hard time with my favorite stock. >> i know you can beat these professionals. >> and your coach on the road to financial independence. "mad money," weeknights on cnbc. >>> big
in fact, over the last five years, no other energy company has invested more in the us than bp. we're working to fuel america for generations to come. today, our commitment to the gulf, and to america, has never been stronger. overmany discounts to thine customers! [old english accent] safe driver, multi-car, paid in full -- a most fulsome bounty indeed, lord jamie. thou cometh and we thy saveth! what are you doing? we doth offer so many discounts, we have some to spare. oh, you have any of...
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Oct 4, 2012
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energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal. i want to make sure we continue to burn clean coal. people in the coal industry feel like it's getting crushed by your policies. i want to get america and north america energy independent so we can create those jobs. and finally with regards to that tax cut, look. i'm not looking to cut massive taxes and to reduce the revenues going to the government. my number one principle is there'll be no tax cut that adds to the deficit. i want to underline that. no tax cut that adds to the deficit. but i do want
energy. energy is critical and the president pointed out correctly that production of gas and oil in the u.s. is up. 3 but not due to his policies. in spite of his policies. all of the increase in natural gas and oil has happened on private land, not on government land. on government land your administration has cut the number of permits and licenses in half. if i'm president, i'll double them. i'll also get the oil from offshore in alaska and bring the pipeline in from canada. and i like coal....
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like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a different picture and to me by staying in the european union this is where we should concentrate. it's not how much you value the currency or you divide the labor cost but what kind of economy you are, where you wish to go. >> that's similar to the debate we seem to be having here in the united states. thanks so much for joining us this morning and congratulations on your deal and good luck with it. >> thank you very much. >> thanks for playing, sam. that was helpful. good to have you on the set. >> just look at that shot, crumbling infrastructure everywhere. they've neglected things for -- >> thousands o
like solar energy or wind energy, we have agricultural output that we don't take advantage of, so there are ma so many resources and opportunities in greece, it's not a matter of the private sector doing poorly or a lack of resources, but it's rather how the state is operating, we have a big public sector as you know, we have tax evasion and we have no privatizations. if we change these things if we're not a state controlled economy but instead a private controlled economy we can see a...
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whatever your business allenge, energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providg generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. gerri: just over a month before the election and now many are crying foul when it comes to media coverage saying there is an obvious bias in favor of the president. what you think, is the media biased? here's what you said, 98% said yes, there is beauty 2% said no. finally, another example of waste fraud and abuse in washington. according to the congressional research service, millionaires are collecting unemployment benefits. nearly 2400 of them, in fact. it is not just millionaires. 950,000 people earning six figures also took
whatever your business allenge, energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providg generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the...
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energy majors rallied on higher commodity prices. zte shares slipped again after the report of security concerns. more on that with our guest coming up. and cisco has ended its partnership with zte over its dealings with iran. in the meantime the nikkei yuchd min undermined investor sentiment. automakers lost ground after sales slumped more than 40%. gains in consumers and health cares were countered by losses in steel makers and chemicals. in australia, miners september to a hike. and sensex now higher by 0.3%. back to you. >> the british chancellor george osbourne's proposed a controversial new scheme in which workers can surrender employment rights in returns for shares of the company they work it for. if the workers take the share, they will be barred from suing for unfair dismissal. >> what would you do, would you take the shares and give uncertain employee protections and rights, or not? maybe this is our continental difference. i would take the shares. >> well, there's a number of factors into play. is the company stock going
energy majors rallied on higher commodity prices. zte shares slipped again after the report of security concerns. more on that with our guest coming up. and cisco has ended its partnership with zte over its dealings with iran. in the meantime the nikkei yuchd min undermined investor sentiment. automakers lost ground after sales slumped more than 40%. gains in consumers and health cares were countered by losses in steel makers and chemicals. in australia, miners september to a hike. and sensex...
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that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in. but the real story is what's going on in california. california, big part of the reason that we saw the spike-up in gas futures last week. and now that governor jerry brown has now said that we are not going to -- that we are going to be to have winter grade gasoline for the wholesale market, that is supposed to boost supplies, drive down prices. we've seen it in the wholesale level. and we've already seen a little bit of a weakening here in the arbob market as well. prices will start to trickle down. jane wells all over that story. we'll have much more coming up. back to you. >> thank you, sharon. >>> big week for the marriage ba
that continues to worry traders about energy demand. and on the flip side, we have the syria/turkey tensions continuing to support the market. you can see that better in the brent crude market which didn't falter much in the past week where nymex futures, wti futures falling sharply, down about 2% last week. three weeks in a row, lower prices. still at the lower end of the $88 to $92 range we've been stuck in. but the real story is what's going on in california. california, big part of the...
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >> president obama says encouraging job report shows the country made too much progress to turn back now. do you believe the numbers? here's what you are posting on the show's facebook page. june says, no, i think it's ever so convenient that the numbers they put out are good right after an ever so poor debate performance. another says, if you believe the numbers, i have a unicorn to sell you. we asked on the website, and 2% said yes, and 98% said no. conspiracy theorists abound. log on for the online question every weekday. while the "hunger games" dominated the box office in the spring, a real life fight is happening across the co
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >> president obama says encouraging job report shows the country...
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Oct 4, 2012
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first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w. bush in 2004. but he wasn't able to translate that into lasting benefit. that's the best of the next three weeks, to see whether romney can keep it going or whether president obama comes out with a higher level of aggression, higher level of energy in the next debate and stop the momentum that romney accumulated last night. >> okay. yeah, i had so many different thoughts, john, as we watched the whole thing. i remember that a lot of republicans were supporting newt gingrich because just for this moment, they wanted -- they thought newt was such a great debater, they wanted to see some
first of all, you had a huge shot of energy in the republican camp in the romney campaign. republicans were thrilled with his performance. democrats were not so thrilled with president obama's performance. the question is going to be has mitt romney been able in a race where he's been clearly behind the president to hurt him enough and sustain that momentum over the next three weeks. that's what's really critical. there have been strong debates, john kerry had a strong debate against george w....
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energy. >> my plan is five basic parts. get us north american energy independent creating 4 # -- 4 million jobs. gerri: we have the leading voices in industry coming up. stay with us. ♪ gerri: president obama paying his dues for his less than but how much was blame goes to the stuff he doesn't say that he does? let's ask tonya, a body language expert. i'm excited about the conversation. what did you make of the debate? had to be a field day for you? >> you know, it's not way we were used to seeing with president obama. he was flat. he was frustrated i guess is the right word. looked down a lot. overall, he did okay. i wouldn't say he was bombed, but romney definitely did better. he was stronger. gerri: start at the beginning. at the beginning of the beginning and the handshake. pictures here. what do you think? >> the handshake was great. look how much swagger obama has here, feels powerful, petting romney on the male demonstrating he's the alpha. you don't see romney doing that to obama. you can see president obama's han
energy. >> my plan is five basic parts. get us north american energy independent creating 4 # -- 4 million jobs. gerri: we have the leading voices in industry coming up. stay with us. ♪ gerri: president obama paying his dues for his less than but how much was blame goes to the stuff he doesn't say that he does? let's ask tonya, a body language expert. i'm excited about the conversation. what did you make of the debate? had to be a field day for you? >> you know, it's not way we...
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i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for those jobs and looking at other alternative forms of energy and we have to have a balance of both. >> the unemployment rate falling below 8% for the first time since january 2009 and i'm sure the labor department was hearing about that this morning. at the same time, can you tell the american people that this 7.8 number marks the turnaround that we have seen the worse when it comes to the labor market. i would say we still have a ways to go and we have it well below 12 million and we have to continue on the path that the president has taken us down and this is in spite of the resistance of
i know you favor all sort of energy, solar, fantastic. what do you say about the 4 million? >> actually, a say that we need to create more jobs across the board and particularly, highly skilled people to work in the refinery and production areas where we're finding more energy and we have to have a balance, so i'm totally for that. i encourage more a perennisship programs and training in that area. we have a high need for welders and people working in refineries and i'm all for paying for...
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energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said lenders need to restore good customer service to regain trust of the public and rbs is the poster child for what went wrong in banking. and eric snyderman is suing jpmorgan. the suit partly the result of a federal mortgage task force formed in january. investors lost around $22 billion and more than 100 securities. jpmorgan says the suit involves actions taken at the behest of the u.s. government. jpmorgan stock closing up 1.2%. and "new york times" says u.s. senate will try to use the lame duck session to reach a comprehend len sif dea
energies and energy efficiency. many aspects to it. >> other stories today, a bid to prevent another financial crisis, the review led by bank of fin len governor is expected to call for a separation of retail and investment operations. the report will also call for bonuses to be paid in debt. we'll hear from the central bank later today. meanwhile steve hester has called for banks to readjust back to a more customer focused approach. speaking at the london school of economic, he said...
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puing us in control of our energy future, now. gerri: i'm calling it hog wash, last week's bacon shortage scare, a group in europe tweeted that a shortage in bacon was unavoidable, there will be plenty, but to bring it open it will cost you, economists predict the price of bacon will skyrocket by as m
puing us in control of our energy future, now. gerri: i'm calling it hog wash, last week's bacon shortage scare, a group in europe tweeted that a shortage in bacon was unavoidable, there will be plenty, but to bring it open it will cost you, economists predict the price of bacon will skyrocket by as m
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one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> board of xstrata finally recommends glencore's offer, but with important conditions on renum race. eurozone pmi points to a fresh recession. and shares in banco popular have resumed trade and they have fallen sharply after the banks announced a 2.5 billion euro rights issue. president obama continues to maintain his lead over mitt romney with two days before their first debate and 35 days before the election. new poll shows 49% of likely voters favoring the president versus 47% for romney. amongst all registered voter, obama holds a 5 point lead. but 52% of likely voters across key swing states favor the president. you'll be abl
one is for a clean, domestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> board of xstrata finally recommends glencore's offer, but...
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prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of growth, the engine of demand for crude oil and for other industrial commodities. if it's not there, what's going to happen, we'll see perhaps an even further slide here in oil prices. we also got data from the u.s. energy department and that also was a bit of a surprise in terms of the supply side. but in terms of demand, continuing to see anemic demand in terms of gasoline demand, down 2.5% versus a year ago. and this is already as we're getting the slide to the winter grade of gasoline. so since that rollover, we have seen a steady slide in gasoline futures. the on
prices and energy really is the story in the commodities market today. look at the $3 slide in crude oil and a lot has to do with the demand outlook. traders are focused on what is coming out of asia. news about china's pmi services data was weak then expected, but really it's what the asian development bank had to say about emerging asian nations and the gdp growth forecast that they have for them. they rationed down their expectations for 2012 and 2013. this is supposed to be the engine of...
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gerri: meanwhile, my friend, meanwhile my friend gimmickry energy is 90 billion in tax subsidies, 90 billion. >> and you can't put it in your gas tank. a complete disconnect between what the government is promoting and what citizens need and guess who gets hurt in the end. not the oil companies, the citizens. gerri: we do. you got that right. thank you for coming on. always a pleasure to have you on the show. >> thank you. gerri: now we want to bring you the latest developments in the store we have been following. american airlines says it has repaired nearly all the planes grounded and inspected because the seats can lose. with six more planes to be checked the airline said all repairs should be done on the boeing 757 by tomorrow if, saturday. this after canceling 94 flights of the last two days. you heard about that. after the problems were fixed. yesterday american said the real problem was actually the pan locking them to the floor that was damaged to do to spilled soda. so it's your fault. crazy. still to come, the women have to choose between a family and career? are we dissing
gerri: meanwhile, my friend, meanwhile my friend gimmickry energy is 90 billion in tax subsidies, 90 billion. >> and you can't put it in your gas tank. a complete disconnect between what the government is promoting and what citizens need and guess who gets hurt in the end. not the oil companies, the citizens. gerri: we do. you got that right. thank you for coming on. always a pleasure to have you on the show. >> thank you. gerri: now we want to bring you the latest developments in...
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whatever your business challenge, energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. gerri: romney proposes a cap on the mortgage tax reduction in. what do think? eighty-one% say yes. 90% say no. log on at gerriwillis.com. >> president acts like a senior high school class president and commander in chief. the democrats' turn reality into fantasy. our country will have to crash around us before the adults fix the problem. mitt romney told the truth. more than americans relying on the uncle sam sugar daddy. what is wrong with stating the obvious? this president is not doing his job and wants to give away federal
whatever your business challenge, energy is being produced to power our lives. while energy development comes with some risk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and...
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gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month lows. back to you. >> business activity in the eurozone shows no signs of a rebound. the latest composite pmi figures for september fell to the lowest in three years. france and spain saw a marked contraction as the countries strasbu struggle with painful austerity measures. a high incidents of bankrupt sis among small businesses. the increasing tendency of large corporations to seek profits abroad as domestic demand wanes. in 2011, spain raised just over $16.5 billion in corporation tax from the almost $45 billion euros collected in 2007. this has
gains envelopers were capped by losses in energy. in japan, the nikkei hit a three-week low as appetite waned, but fast retailing, the operator of the clothing chain rallied 3.7% because reportedly it could become the first japanese retailer to ever break the one trillion yen mark or nearly $13 billion in annual sales. the kospi is closed today, but over in aust the afx 200 up to a 14-month high helped by banks and i.t. firms. that weak trade data also pushed the aussie dollar to one-month...
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. >> materials down 20%, energy down 16%. >> correct. again this quarter the sectors that rely on commodities prices are seeing the biggest hit. materials as you said down 20%. certainly be interesting this afternoon to see where alcoa falls. currently they are expected to be down 99% from the year ago quarter. of course, within materials we are seeing metals and mining looking to be down 40%. >> what does this mean for me sitting at home? if you know it, the analysts forecast it, that must be in the market and yet the s&p has rallied over the last few months. when i see a materials report results down 20%, will the stock not fall? >> you're right, there's a disparity wean the markets and what analysts are seeing. we are seeing earnings at a three-year low. this negative 1.2% is the lowest we have seen since third quarter 2009. i think investors have been focusing the last few weeks on the comments of the fed, the ecb, they have not really turned their droex earnings at this point. once we see companies missing estimates and revenue targ
. >> materials down 20%, energy down 16%. >> correct. again this quarter the sectors that rely on commodities prices are seeing the biggest hit. materials as you said down 20%. certainly be interesting this afternoon to see where alcoa falls. currently they are expected to be down 99% from the year ago quarter. of course, within materials we are seeing metals and mining looking to be down 40%. >> what does this mean for me sitting at home? if you know it, the analysts forecast...
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one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and center this week with the jobs report coming out on friday. our guest host this morning runs a company that has several economic indicators all rolled into one. joining us for the remainder of the show with his take on the markets and what's happening in corporate america is jim tisch, and jim, it's great to have you here onset. we were just talking about how you have a lot of different things that really give you a good idea of what's happening in the economy. diamond offshore, what's happening from an energy perspective, you have the luxury hotels there, the insurance li
one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. >>> welcome back, everybody. the economy obviously front and...
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, our own energy that is a huge stink. historically a lot of people don't know it, but the best year in a decade to invest is typically the years that ended two. so -- gerri: there is a factor have never heard. >> that is the truth. you have this huge middle-class growing around the world. if we can get through some of these problems that we have ahead of us now, and i think it takes new leaders, but if we did it i think we get through that. i could paint the picture for real super bowl market. gerri: american companies serve those middle-class folks in other countries. thank you for coming on. appreciate your time. >> you're welcome. gerri: will be right back with my "2 cents more" and the answer to our question of the day. is this a ministration ignoring the growing threat from china? ♪ [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal se
, our own energy that is a huge stink. historically a lot of people don't know it, but the best year in a decade to invest is typically the years that ended two. so -- gerri: there is a factor have never heard. >> that is the truth. you have this huge middle-class growing around the world. if we can get through some of these problems that we have ahead of us now, and i think it takes new leaders, but if we did it i think we get through that. i could paint the picture for real super bowl...
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let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum taking over, the weak sentimental data out of china in terms of the oil price. the oil prices here are a little bit of a bid for oil. the fact that they lowered a mix a little while ago before the open on the weak data out of china on their manufacturing numbers. in terms of the biggest mover here in the commodities space, definitely it is natural gas. natural gas at a ten-month high. natural gas here above 3.40. some are saying that $3 gas is sustainable here even if we don't see the same focus on coal to gas switching. still going to see higher natural gas pr
let's check out the latest moves in energy and metals. sharon at the nymex. >> the momentum here definitely in the metals market. i'm standing in the gold pit. gold prices went above $1,794 an ounce. a lot of investors may have looked at the s&p 500's returns, that's decent. but gold up over 10% in the last quarter. silver up over 25% in the last quarter. they want some more of that in the fourth quarter. and we're looking at that here in the metals market. also looking at momentum...
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let's check out the latest news in energy. let's go to sharon with the latest. >> oil prices are unchanged on either side of positive and negative territory here for wti prices as traders digest the data on manufacturing. from china yesterday not so great. u.s. manufacturing data a little bit better. then we have to wait and see what the supply data will hold from the energy department when they report tomorrow and in the american patrols tonight. in terms of natural gas, we saw natural gas rise above the 3.50 level, but fdr capital mark says look for nat gas to get to $4.50 in to 13. they expect that to be the price to incentivize drilling and because of the supply and demand fundamentals. in terms of what we are seeing for the gold price, we are looking at a little bit of a pull-back and profit taking and consolidation after hitting a new high there for the year of 1794 in the previous session. central banks will be the key focus. back to you. >>> sharon epperson there. we are talking off camera about bill actman's appearanc
let's check out the latest news in energy. let's go to sharon with the latest. >> oil prices are unchanged on either side of positive and negative territory here for wti prices as traders digest the data on manufacturing. from china yesterday not so great. u.s. manufacturing data a little bit better. then we have to wait and see what the supply data will hold from the energy department when they report tomorrow and in the american patrols tonight. in terms of natural gas, we saw natural...
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i have first energy. publicly traded utility operating in six states with 20 coal-fired electric plants. what is happening with the business? why have they withdrawn? get the real story from mark clark of first energy. thank you for joining us. born and raised in northeastern ohio and working at first energy utility business is not an easy one. >> not today. liz: today why? >> low gas prices and a tough economy. industrial sales are back to where they were in 2007 but that five years. residential little off but that is more weather-related. we have a lot of growth. the are no industry doing well. we have toledo with a chrysler investment and cleveland has the ford engine plant and then you have huge growth in terms of the health-care industry. the cleveland clinic doesn't add one building. they seem to add an additional block to their portfolio. with low gas prices that does affect what we do because a good portion of our business is selling power. liz: coal-fired plants. can you convert some of them? are
i have first energy. publicly traded utility operating in six states with 20 coal-fired electric plants. what is happening with the business? why have they withdrawn? get the real story from mark clark of first energy. thank you for joining us. born and raised in northeastern ohio and working at first energy utility business is not an easy one. >> not today. liz: today why? >> low gas prices and a tough economy. industrial sales are back to where they were in 2007 but that five...
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in a nod to the booming energy industry, booming shale and gas production will give u.s. rerefineries advantages over others around the world. fracking in unconventional shale will push refiners into higher utilization rates. the challenge? getting fuel from the field toe the refineries. crude oil futures rallied today. look at that. 4%. that is a massive rally. they were rebounding as shares dropped in a previous session. crude climbed 3.7%. look at that. it climbed 4.5%. but it was higher by $3.57, to 91.71. closing up over $91 a barrel. >>> riots in tehran as iran's currency is collapsing. thery al he is value -- reel down 70%. can you imagine if that happened to the dollar? what is coming up next in iran. >>> the post office defaulted on another $5 billion plus payment. the postmaster general is here for a exclusive interview. i have a business plan to share with him. he will evaluated. do you ever have too much money? ♪ úwñoa ♪ . melissa: so you saw it here yesterday the iranian economy is collapsing. people are taking to the streets to protest hyperinflation
in a nod to the booming energy industry, booming shale and gas production will give u.s. rerefineries advantages over others around the world. fracking in unconventional shale will push refiners into higher utilization rates. the challenge? getting fuel from the field toe the refineries. crude oil futures rallied today. look at that. 4%. that is a massive rally. they were rebounding as shares dropped in a previous session. crude climbed 3.7%. look at that. it climbed 4.5%. but it was higher by...
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number three, open america's resources to energy development. a lot of people are calling for this. especially when you see the fracking boom that is going on around the country. >> well the house has actually passed a long list of measures to devep america's vast energy resources. the problem is they have all stopped the senate. if you just, including our shale oil reserves, you look at american petroleum, that makes saudi arabia look like a petroleum pigmy. we have three times the petroleum resers saudi arabia has. the only difference, saudi arabia develops and prospers from their reserves. our government actively obstructs america haste ability to do the same. >> you know, i have got to ask you before we go because you made it so clear things we can do with the econo to get it moving again. have you talked to mitt romney? have you given him any advice? are you disappointed how this campaign is running? i know i'm throwing you sort of a curveball because we haven't been talking about that but that is the question of the day all over that he is not making his economic message clear
number three, open america's resources to energy development. a lot of people are calling for this. especially when you see the fracking boom that is going on around the country. >> well the house has actually passed a long list of measures to devep america's vast energy resources. the problem is they have all stopped the senate. if you just, including our shale oil reserves, you look at american petroleum, that makes saudi arabia look like a petroleum pigmy. we have three times the...
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domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. today marks the first day of the trading quarter. with the s&p up more than 14% year-to-date, can we expect to see profit-taking or will the gains continue? joining success jeremy siegel, professor of finance at the wharton school of the university of pennsylvania. professor siegel by the way is also the author of the book "stocks for the long run" and jeremy great to see you this morning. >> good morning. >> so here we go, the start of the fourth quarter and i know you've made bullish predictions of dow 15,000 and dow 17,000. where do you stand right now? >> i'm still with those predictions. those are for the end of 2013, remember, not for the end of this year. actually, if we're talking about this quarter, i think the most important event is not going to be on the election day, it's going to be after the election day, as the fiscal cliff gets nearer and nearer, and i think the resolution of that one way or the other is going to be the ma
domestic, abundant, clean energy to power our lives... that's smarter power today. >>> welcome back. today marks the first day of the trading quarter. with the s&p up more than 14% year-to-date, can we expect to see profit-taking or will the gains continue? joining success jeremy siegel, professor of finance at the wharton school of the university of pennsylvania. professor siegel by the way is also the author of the book "stocks for the long run" and jeremy great to see...
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energy is being produced to power our lives. while energy development comes with some sk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's natural gas. woman: what do you mean, homeowners insurance doesn't cover floods? [ heart rate increases ] man: a few inches of water caused all this? [ heart rate increases ] woman #2: but i don't even live near the water. what you don't know about flood inrance may shock you -- including the fact that a preferred risk policy starts as low as $129 a year. for an agent, call the number that appears on your screen. ♪ . so time for a little fun with spare change today. we're joined by our very own emac as we call her, liz macdonald. ashley we
energy is being produced to power our lives. while energy development comes with some sk, north america's natural gas producers are committed to safely and responsibly providing generations of cleaner-burning energy for our country, drilling thousands of feet below fresh water sources within self-contained well systems. and, using state-of-the-art monitoring technologies, rigorous practices help ensure our operations are safe and clean for our communities and the environment. we're america's...
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. >>> expiration of geothermal energy under oregon's largest volcano is moving headed. the testing phase should be complete i had about 2014. has estimated cost of $43.8 million, with half of its fund coming from, the department of energy of course. >>> marathon petroleum is buying an infamous refinery, we were talking about this, from bp. marathon will pay a base price of $598 million for the texas city oil refinery. you remember that name because there was a big explosion at the plant in 05 and it killed 15 woers. the purchase price is reportedly well below the amount bp was aiming for. >>> oil prices slid on global demand fears as the world bank cut its economic growth estimates for china and the asian continent. crude settled down 89.33 a barrel. look at that under 90 bucks. >>> iran launch as major crack down to control its currency crisis. its off shore oil platforms reportedly being hit by cyber attacks. is this the beginning of the end for that regime? we have details on that coming up next. >>> plus hugo chavez wins re-election. a clam down on venezuelan oil pr
. >>> expiration of geothermal energy under oregon's largest volcano is moving headed. the testing phase should be complete i had about 2014. has estimated cost of $43.8 million, with half of its fund coming from, the department of energy of course. >>> marathon petroleum is buying an infamous refinery, we were talking about this, from bp. marathon will pay a base price of $598 million for the texas city oil refinery. you remember that name because there was a big explosion at...
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putting us in control of our energy future, now. gerri: well stocks slid today following a weak forecast of global economic growth and poor expectations for earning season, that kicked off just a few hours ago. in the backdrop, many -- are leaving starky on the foy on! -t for good. what do you think? we asked. 30% said yes, 65% said no, shocking. >> finally more examples of waste, fraud and abuse in november, federal agents to cut off wasteful spending according to the group 9 of ac 9 agent officers spend more than a million dollars on such items, l deputy issue spent 39,000 on a handful of gadgets including ipods. the different of interior fish and wildliff spent 86,000 on such items. department of homeland security spent nearly three quarters of a million dollars on awards. how are they going to cult the stuff that really impacts the debt and our deficit? this is a growing problem that can't be fixed with a scalpal,
putting us in control of our energy future, now. gerri: well stocks slid today following a weak forecast of global economic growth and poor expectations for earning season, that kicked off just a few hours ago. in the backdrop, many -- are leaving starky on the foy on! -t for good. what do you think? we asked. 30% said yes, 65% said no, shocking. >> finally more examples of waste, fraud and abuse in november, federal agents to cut off wasteful spending according to the group 9 of ac 9...
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started higher with news of home prices posting a large gain but have come down with materials and energy companies leading the decline down almost 70 at this hour. >>> many verizon customers noticed the iphone 5 was using up precious cell data even when it was connected to wi-fi. this pushed many other of their monthly limits long before they should have reached the catch. apple has released a software update to fix it now and verizon says it won't charge for any resulting overages. some at&t customers are reporting some similar problems, as well. >>> the first debate between mitt romney and barack obama is one day away. both candidates are behind closed doors getting ready. the outcome of the debates could help decide the election. but both campaigns are downplaying expectation. cbs reporter tara mergener has more from the white house. >> reporter: workers are setting the stage for wednesday night's presidential debate at the university of denver. both candidates are behind closed doors today getting ready. mitt romney is preparing in colorado and the latest polls show he is trailing th
started higher with news of home prices posting a large gain but have come down with materials and energy companies leading the decline down almost 70 at this hour. >>> many verizon customers noticed the iphone 5 was using up precious cell data even when it was connected to wi-fi. this pushed many other of their monthly limits long before they should have reached the catch. apple has released a software update to fix it now and verizon says it won't charge for any resulting overages....
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first energy, we're closing because of epa regulations. plant after plant is closing because of the epa they have their boot against the coal miners throat. it may be political pay back. melissa: so what do coal miners, they buy there is war on coal or they think it is natural gas? do they really blame the president forhis? >> absolutely. that ishy you're not seeing coal miners union coming out and endorsing obama. they learned the lags at that time. we were at a rally with coal miners from west begin drove to ohio to lobby neighboring state to vote for future president rney. melissa: are they endorsing president romney? >> well union is union. the is hierarchy. but the rank-and-file union and nonunion coal miners are i think going to romney. we met someone from the railroad. railroads get up to 30% of their revenue from coal. now those stocks are being hit. so a lot of blue-collar union jobs are on the line and these people are worried about their jobs. melissa: see i agree with you that it's a problem. i'm just not sure the message is ge
first energy, we're closing because of epa regulations. plant after plant is closing because of the epa they have their boot against the coal miners throat. it may be political pay back. melissa: so what do coal miners, they buy there is war on coal or they think it is natural gas? do they really blame the president forhis? >> absolutely. that ishy you're not seeing coal miners union coming out and endorsing obama. they learned the lags at that time. we were at a rally with coal miners...
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in banking stocks despite reports of a dispute with its largest shareholder temasek, but weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit warning. hp contract makers in taiwans also felt the pain with the computer share sub index losing 1.6%, but tmanaged to close fla. we saw a bit of profit taking on samsung electronics ahead of its q3 earnings guidance tomorrow. australian miners were lower, but banks lent support to the afx 200 ending at a 14 month high. weaker than expected august retail sales added to the case for further interest rate cuts. sensex stronger by 1% at the moment. >> let's pick it up with the european markets. equity to modest moves ahead of the bank of england rate decision. we'll have that for you live. louisa will help
in banking stocks despite reports of a dispute with its largest shareholder temasek, but weakness in energy majors offset gains on that market due to slumping oil prices overnight. japanese stocks pushed higher in late trade following the u.s. presidential debate where governor romney the pro business candidate appeared to outshine president obama. so the nikkei rebounded off a four week low with automakers and financials surging. but tech shares lost ground after hewlett-packard's profit...
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this is what happened to energy companies for years, to traditional energy companies. but here we prop them up and they can't stand on their own because no one is buying their products because they don't make economic sense. >> they're not investing in a new technology. this is not a technology of the future. this technology was around 100 years ago. the batteries don't last any longer. they don't charge any faster. the cars don't go any further than they did 100 years ago when electric vehicles were the rage. you know, the cars might go a little faster than they used to. so really a failed policy. this is why government and a handful of bureaucrats are the no the people you want deciding to invest money into this industry. melissa: paul, you're so right. thank you so much for coming on our show. we appreciate your time. >> thank you, melissa. melissa: a campaign sea shift for banks. new details how the biggest wall street firms are leaving president obama in the financial dust. that is coming up next. at the end of the day it is all about campaign cash. ♪ ♪ [ male
this is what happened to energy companies for years, to traditional energy companies. but here we prop them up and they can't stand on their own because no one is buying their products because they don't make economic sense. >> they're not investing in a new technology. this is not a technology of the future. this technology was around 100 years ago. the batteries don't last any longer. they don't charge any faster. the cars don't go any further than they did 100 years ago when electric...
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and especially energy and financials where expectations actually have gone up is still not looking for really impressive numbers. energy in the fourth quarter expected to be town 14%, financials up 3%, so i don't think it's very heroic. so i think you want to be involved in some of the cyclicals like industrials, like materials. i like staples. particularly as expectations come down. some of the discretionaries that have come down. financials we continue to like. >> what's your number for the s&p dropoff in this quarter? >> for this year, for the fourth quarter, we're looking for i think 1.4%. >> third quarter versus last year's third quarter? >> negative 0.6%. >> down less than 1%. >> yeah. >> okay. >> i don't think that's -- >> you'd call that flat, wouldn't you? >> sure. >> where does the s&p end for you? >> i think it ends higher. i think you have performance chasing that p happens. and i think you have let's get through the election, let's get some sort of understanding as to what will happen with the fiscal cliff. but i still think earnings will not be as bad. i think the setup i
and especially energy and financials where expectations actually have gone up is still not looking for really impressive numbers. energy in the fourth quarter expected to be town 14%, financials up 3%, so i don't think it's very heroic. so i think you want to be involved in some of the cyclicals like industrials, like materials. i like staples. particularly as expectations come down. some of the discretionaries that have come down. financials we continue to like. >> what's your number for...
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stay tuned on that story. >>> chinese energy giant, cnooc, $15 ball takeover deal of canadian energy company, next son could be at risk. they are calling on the conservative government to reject the deal saying review process gives no assurance that is the deal would benefit canada. >>> radical blake from longstanding policy, russia is now considering allowing western companies to own oil licenses in arctic waters. for years those have only gone to state-owned groups. that's a big development. >>> u.s. crude oil futures fell 2% today and posted a loss for the week to settle just under $90 a barrel. refinery problems around the country like the ones we were just telling you about mean less demand for oil to process and that's why oil prices fell today. >>> all right, iran's currency collapse continues. is the regime imploding? that is coming up next. >>> plus the financial crisis in greece getting so bad the prime minister expresses fears that if they don't get aid soon they could see a rise of a right-wing neo-nazi party. we've got details on all that coming up. more nonany on the ot
stay tuned on that story. >>> chinese energy giant, cnooc, $15 ball takeover deal of canadian energy company, next son could be at risk. they are calling on the conservative government to reject the deal saying review process gives no assurance that is the deal would benefit canada. >>> radical blake from longstanding policy, russia is now considering allowing western companies to own oil licenses in arctic waters. for years those have only gone to state-owned groups. that's a...
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domestic, abundant, clean energy to power our lives... that's smarter power today. lou: monday after fbi fbi agents inspected the conflict in been talking, they are deciding whether to take action against those killing the americans and the ambassador. that is what is being reported by my next guest. eli lake. he has brought countless stories on the attack in benghazi. first come i would like to commend you and your reporting on this story. go to your most recent, which is the administration. has not decided how to proceed on how to handle these that led the attack. >> or two things going on. one is an intelligence community process going about identifying those responsible for the benghazi assaults and figuring out their locations and about the way the united states and the cia fronts the senior members of al qaeda and afghanistan and so forth. the consulate has very little friends are going for a criminal investigation. at this point on the white house has yet to decide whether this is going to be treated as a high crime or an act of war. in that respect, there ar
domestic, abundant, clean energy to power our lives... that's smarter power today. lou: monday after fbi fbi agents inspected the conflict in been talking, they are deciding whether to take action against those killing the americans and the ambassador. that is what is being reported by my next guest. eli lake. he has brought countless stories on the attack in benghazi. first come i would like to commend you and your reporting on this story. go to your most recent, which is the administration....